BUSINESS DEVELOPMENT IN UAE

Among the Arab countries, U.A.E has one of the most stable economies after the Saudi Arabia. Not only do they have a stable economy but it’s continuously growing. There are several opportunities for businesses interested in business setup in UAE to make the most of these opportunities. U.A.E is regarded as one of the most open economies of today’s world. Many businesses are interested in expanding their work and to them U.A.E seems like an excellent opportunity that they can avail and make the most of. The presence of free zones in U.A.E is also another huge reason of attraction for many businesses. These free zones are free from local restrictions and provide an open and constructive environment for companies to build and promote them.

The GDP of U.A.E is around $ 570 Billion. Though a major share of it is dependent upon the earnings generated from the oil reserves present in U.A.E. Dubai so far is the only state of U.A.E that has taken bold steps in diversification and aren’t limited to or dependent upon the oil reserves to earn their share. Tourism industry and real estate industry are at their finest points in Dubai in this decade and they still seem to grow.

U.A.E as a country is making a lot of progress when it comes to providing a platform for burgeoning companies. Internationally, UAE is ranked among the top 20 for global service business, according to AT Kearney, the top 30 on the WEF “most-networked countries” and in the top quarter as a least corrupt country per the TI's corruption index. With imports totaling $273.5 billion in 2012, UAE passed Saudi Arabia as the largest consumer market in the region. Exports totaled $314 billion, which makes UAE the second largest exporter in the region

UAE and India are each other's main trading partners, with the latter having many of its citizens working and living in the former. The trade totals over $75 billion (AED275.25 billion).

With all this trade and increasing opportunities many businesses are bound to show interest in having company formation in UAE. Global integrated services are a management consultancy firm that helps several companies with company formation in UAE. They offer a wide range of services form legal aid and advice to protection of intellectual property and feasibility studies to help the companies in easy business development in U.A.E.